Table 1 Descriptive statistics...

Table 1

Descriptive statistics

			Inheritance		Gift
	Mean	Std err.	Mean	Std err.	Mean	Std err.
Labour force participation	0.887	0.316	0.869	0.338	0.928	0.259
Wealth transfer indicators
Inheritance 2008–2013	0.075	0.263	–	–	–	–
Inheritance amount 2008–2013	–	–	90.075	333.781	–	–
Inheritance amount 2008–2013/Income ratio	–	–	6.561	17.075	–	–
Gift 2008–2013	0.052	0.222			–	–
Gift amount 2008–2013	–	–	–	–	94.235	340.279
Gift 2008–2013/Income ratio	–	–	–	–	6.986	17.438
Control variables
Female	0.543	0.498	0.553	0.497	0.524	0.500
Age 25–34	0.194	0.396	0.127	0.333	0.288	0.453
Age 35–44	0.303	0.460	0.242	0.428	0.376	0.484
Age 45–54	0.331	0.471	0.361	0.480	0.249	0.432
Age 55–59	0.171	0.376	0.270	0.444	0.087	0.282
Low education	0.169	0.374	0.147	0.355	0.061	0.239
Medium education	0.445	0.497	0.393	0.489	0.326	0.469
High education	0.386	0.487	0.459	0.498	0.613	0.487
Partner at work	0.636	0.481	0.673	0.469	0.752	0.432
Married	0.701	0.458	0.749	0.434	0.756	0.430
Number of children aged 0–6	0.326	0.635	0.245	0.565	0.475	0.728
Foreign-born	0.132	0.338	0.100	0.300	0.080	0.271
Work experience/Potential work experience (%)	87.195	20.558	88.330	20.106	89.949	18.157
Unemployment rate (%)	9.356	3.131	9.142	2.958	8.703	2.646
Instruments
Deaths for transport accidents/Population	0.006	0.022	0.080	0.028	–	–
Change in gift taxation	0.008	0.088	–	–	0.152	0.359

			Inheritance		Gift
	Mean	Std err.	Mean	Std err.	Mean	Std err.
Labour force participation	0.887	0.316	0.869	0.338	0.928	0.259
Wealth transfer indicators
Inheritance 2008–2013	0.075	0.263	–	–	–	–
Inheritance amount 2008–2013	–	–	90.075	333.781	–	–
Inheritance amount 2008–2013/Income ratio	–	–	6.561	17.075	–	–
Gift 2008–2013	0.052	0.222			–	–
Gift amount 2008–2013	–	–	–	–	94.235	340.279
Gift 2008–2013/Income ratio	–	–	–	–	6.986	17.438
Control variables
Female	0.543	0.498	0.553	0.497	0.524	0.500
Age 25–34	0.194	0.396	0.127	0.333	0.288	0.453
Age 35–44	0.303	0.460	0.242	0.428	0.376	0.484
Age 45–54	0.331	0.471	0.361	0.480	0.249	0.432
Age 55–59	0.171	0.376	0.270	0.444	0.087	0.282
Low education	0.169	0.374	0.147	0.355	0.061	0.239
Medium education	0.445	0.497	0.393	0.489	0.326	0.469
High education	0.386	0.487	0.459	0.498	0.613	0.487
Partner at work	0.636	0.481	0.673	0.469	0.752	0.432
Married	0.701	0.458	0.749	0.434	0.756	0.430
Number of children aged 0–6	0.326	0.635	0.245	0.565	0.475	0.728
Foreign-born	0.132	0.338	0.100	0.300	0.080	0.271
Work experience/Potential work experience (%)	87.195	20.558	88.330	20.106	89.949	18.157
Unemployment rate (%)	9.356	3.131	9.142	2.958	8.703	2.646
Instruments
Deaths for transport accidents/Population	0.006	0.022	0.080	0.028	–	–
Change in gift taxation	0.008	0.088	–	–	0.152	0.359

Source(s): Own elaborations based on HFCS data